Oracle Stock Pushes Toward Record High as Jefferies Lifts Price Target
Key Takeaways
- Oracle shares are on pace to hit a record-high closing price Tuesday.
- Jefferies raised its price target for Oracle stock, pointing to a recent cloud deal expected to generate $30 billion a year in revenue.
- The cloud services giant’s shares have risen more than 40% so far in 2025 as demand for AI computing power has surged.
Oracle (ORCL) has a new top bull on Wall Street. Jefferies raised its price target for the cloud computing giant’s stock to $270 from $220, the most bullish target among firms tracked by Visible Alpha.
Shares of Oracle traded 2% higher intraday at approximately $238, which would be a record-high closing price and put the stock up 43% for 2025. Jefferies’ new $270 target implies roughly 13%…
